2009.03.17 TRO - NEVER LOSE AGAIN!!

[ewtrader33]

Hey TRO-

Thanks for posting the support and resistance, its been a huge help as I am just starting to get into forex trading.

I am working on modifying the support and resistance to show if two lowest of the past four areas of support (or resistance if long) are with greater than 6 bars are within .2% of each other then to draw that area.

An example of this is shown below where I have the white support dots along with the larger white dots as the entry condition. Once it breaks below, go short.

I am struggling coding this as I am really new, I am trying to setup an array but I am honestly really lost. Would you be able to help me?

Thanks

[TheRumpledOne]

eurusdh1.png (33.22 KiB) Viewed 3273 times

Day after day, week after week, month after month, year after year, decade after decade, the Buy Zone is still producing winning trades. Simple horizontal lines that price must pass through.

[TheRumpledOne]

Hey TRO-

Thanks for posting the support and resistance, its been a huge help as I am just starting to get into forex trading.

I am working on modifying the support and resistance to show if two lowest of the past four areas of support (or resistance if long) are with greater than 6 bars are within .2% of each other then to draw that area.

An example of this is shown below where I have the white support dots along with the larger white dots as the entry condition. Once it breaks below, go short.

I am struggling coding this as I am really new, I am trying to setup an array but I am honestly really lost. Would you be able to help me?

Thanks

I don't really understand what you are trying to accomplish. My suggestion is KEEP IT SIMPLE!

[TheRumpledOne]

gbpusdh1.png (86.55 KiB) Viewed 3264 times

Looks like the EUR pairs did a nice rat reversal off their daily lows.

[TheRumpledOne]

eurusdh1.png (43.29 KiB) Viewed 3261 times

Buy Zone or Rat Zone.. take your pick. Each pays off daily!!

[TheRumpledOne]

gbpusdh1.png (87.37 KiB) Viewed 3197 times

Once again, the gauges shows movement through the Buy Zone and Rat Zones.

[TheRumpledOne]

eurusdh1.png (43.32 KiB) Viewed 3196 times

Buy Zone and Rat Zones paid off again.

[TheRumpledOne]

gbpusdh1.png (88.78 KiB) Viewed 3146 times

The weekly open crossover trade is paying off nicely. Look at the Weekly (W1) Price GPS and notice the ClOp (close - open) column.

[TheRumpledOne]

eurusdh1.png (45.39 KiB) Viewed 3145 times

I know I sound like a broken record...

Buy Zone and Rat Zones paid off again.

A refresher:

DRAIN THE BANKS - LIKE A RAT

http://kreslik.com/forums/viewtopic.php?p=25593#25593

1) price within 20 pips of the CURRENT daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne]

eurjpyh1.png (54.9 KiB) Viewed 3144 times

Price leaving one Daily Wick Zone and entering the other.